Now that we all know what the prospects for MOS are i.e. damn good, thought I'd get a new thread going and just highlight MOS' attractions for any new investors.

Key highlights:

* Significant progress made, rationalisation programme almost complete

* Acquisitions integrated well

* International marketing network established

* Record order books, enquiry levels high, several new customers won

* Recent Director buys

From the Chairman's statement:

Outlook

Over the past year the management team has extended the product range, put in
place in-house manufacturing, rationalised the existing business and greatly
expanded the marketing effort, opening up significant new markets to MOS
products. Once the acquisitions have been fully integrated MOS will offer a
wider product range to a broader market and have a much reduced cost base. We
have record order books, we have attracted major new customers and we are
targeting new markets, worldwide. Overall, we have made good progress and the
outlook remains extremely positive.

Trading Update

MOS International PLC ('MOS'), the oilfield services company, announces that
trading is in line with market expectations. TURNOVER FOR THE YEAR TO 31st MARCH 2005 IS EXPECTED TO BE CIRCA 10M COMPARED WITH 1.05M IN THE YEAR TO 31st MARCH 2004.

MOS currently has an order book in excess of 7m for delivery prior to the year
end.

The recent acquisitions have integrated well, the rationalisation programme at
MOS is almost complete and that at Ansell Jones will be completed in this
financial year.

Tender and enquiry levels remain high and the Board is positive regarding the
future. Significant progress has been made and the business is well on the road
to recovery, with turnover forecast to show a further considerable increase, in
the next financial year.

On a turnover of 10million with a profit of say 1million, this company is on a P/E ratio of just 8 (market cap being around 8million at present). This company has been overlooked by the institutions and investors alike and is due a big re-rating soon IMHO. DYOR as usual.

Chad.

Doh! Cross trade just gone through ...buy & sell at same price. Too early fo good news. No northwards movement till have bought for SIPP on Thursday please!

why Thurs, just curious?

Best offer I could get this pm is .59p up from .57p. The first time this has moved up for weeks!

Sequestor: No particular reason - just date funds clear for investing in SIPP.

Canary9 agreed: Seems to be moving slowly. Have excellent broker. Can get 0.58p on bid, BUT whereas max size was 1m 2 days ago, max size now 500k. So bit of movement there...

In a nutshell what we have is:
$700k singapore deal (April 04): No info
$640k CNOOC subsidiary deal (Oct 04): No info
$1.28 2nd CNOOC subsid deal (Nov 04): No info
Dec 2004: Chairman comments on record orders/sales - good for 2005,. expect further deals etc etc. (these seem backed up by this weeks'Investors Chronicle re ABG). Reading Annual report PW no known for spinning, and happy to use words like disatrous 2003 so in true Yorkshire fashion tells it like it is.
3 Director purchases (Mid Jan 05)between 0.69p, 0.80p: Why - just Nexen??
20 Dec. PCOS appointed as marketing agency for Libya etc. Also discussions in Russia.
Nexen win (31 Jan 2005)- unknown value: No info (though order due June 2005)
SP fall from 0.90p Mar/April: No info
New deals? No info
Have rung the company. They can't say anything "...probably till August..." i.e. near deadline date for Accounts.

Comparing original 2001 placing doc with 2004 Accounts makes interesting reading. This stock is definitely at a discount, & heavily oversold. Not surprising if so little info comes out is it? The story looks positive, and costs +debt have been cut heavily (e.g. staff now 26 as opposed to 39 in 2001)+ getting orders from VERY big companies & also their competitors (such is the demand side). Things happening here don't look like a company about to go bust, & the team are excellent i.e. been in the business since the 80's, PW knows commodities, oil services & is well connected...etc etc. Just takes time...

FLG's (who?) price has gone from 0.65 - 1.15 in just 3 days. No reason MOS should'nt do the same on good update news. The Owl does not own FLG.
DYOR.

ah I see,

OWL
Your list of events does not seem to include the dilution ;-) As i understood it at the time of the deals re: CNOOC, they were all due for completion early 2005. The recent drop is prob due to the impending float of Patriot which was an asset in the UK MOS share holders cap that will no longer be and asset ! to UK share holders.....
The results will be intresting...when i first brought these, there were 600min shares in issue, now there is 1100min +....The company has constantly had to raise cash and the time is fast approaching where we need to see some returns IMO..

Fair point Spectrum7. Didn't want to bore everyone. My diatribe's long enough as it is! Indication from their PR guys is we'll get something in next 2 weeks or so :).

The nub of it remains from public announcements, T/o expected to be best since 2000 i.e. 10M (15 Dec 04) - 7M was already due for delivery by end Dec 2004... and this before the Jan Nexen deal. Let's be conservative...if it's anything above 5M (and costs remain same as last year - conservative again as staff now 26 not 39) then, post tax profit s/be ~ 4M. That will give a +ve EPS for first time in years. Think we'd know by now if bad news was due ... I remain in the optimistic camp... though of course with the way this one's behaved, anything could happen initially to the SP!!
Usual disclaimer - DYOR.

I'm poised to back get into MOS after bailing out at 67p on a loss from 130p in 2004. I'm no expert here, what's it about with all the massive sells in the last couple of days that haven't ticked the sp down?

The Owl>>>> How do you get in touch with Mos PR guys? I've e-mailed lately but no reply. Do you have phone no. or e-mail address specifically for PR dept?

"anything could happen initially to the SP" Do you mean up or down? Do you have any particular sp targets in mind over the next 2 or 3 months. I honestly think this will tank up on any good news but particularly when results are published. I just hope that will be June as quoted by someone on advfn who phoned the company (Jitters I think).

chrissie.
http://www.mosplc.com/pages/Contactplc.html
The e-mail is for sales but I guess any message will be redirected.
MOS was given to me at New Year as a traders tip for 2005. They have an internal sweepstake each year. I bought some in March, but a lot more a few days back at 0.57p.

stephen801
Wrong thread mate...67p ??????? 130p....??

Spectrum7, apologies, that should have been 0.67p/1.30p

Hi Chrissie, PR guys - Bankside Consultants (0207 444 4140). MOS v.busy apparently but update in couple of weeks. SP?? - keeping schtum for now ;). If PW hits 10M+, good vibes on existing + couple of bigger follow-on contracts (particularly CNOOC) + a share consolidation we're bound to see 3p within the year.

News one way now (see ABG P25 Investors Chronicle this week). Oils & commodities rising again. www.rigzone.com for predictions on industry supply/demand. MOS companies t/be on there soon...

Oil up, Steel down, No sells.

Thanks Owl...you are indeed very WISE and very informative.

Chrissie, my pleasure.

The Owl buys again hoped for 0.57, 0.58's ok. EVO, WINS just upped L2. SCAP's on the bid.

...dum te dum te dum...! Hoot hoot....

The Owl sounds happy tonight, so would I if I had just bought a shed load of MOI @ .58p. You are a very lucky owl, mine cost much more, way down at the mo but I am not worried one little bit cos I'm gonna be rich soon, thanks to Mos!

Have a good bank holiday all. Should be a good June ;)...